Alert: BSA Changes! FinCEN’s New Exceptive Relief: What It Means for Beneficial Ownership

Date:

Jun 10, 2026

FinCEN recently issued an order granting exceptive relief to covered financial institutions from certain requirements of the 2016 Customer Due Diligence Rule.

This order changes when institutions must identify and verify the beneficial owners of legal entity customers, limiting the requirement to specific situations. Join this timely session to understand what this means for your institution, which policies and procedures must change, and how to maintain BSA compliance under the revised FinCEN guidance. Ensure your practices align with the latest federal expectations.